v3.26.3
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents the balances of assets and liabilities measured at fair value on a recurring basis:
TABLE 19.1
(in millions)Level 1Level 2Level 3Total
September 30, 2026
Assets Measured at Fair Value
Debt securities available for sale
U.S. Treasury$397 $— $— $397 
U.S. government agencies— 27 — 27 
U.S. GSE— 280 — 280 
Residential MBS:
Agency MBS— 710 — 710 
Agency CMO— 494 — 494 
Agency commercial MBS— 1,750 — 1,750 
States of the U.S. and political subdivisions (municipals)— 10 — 10 
Other debt securities— 79 — 79 
Total debt securities available for sale397 3,350 — 3,747 
Loans held for sale— 228 — 228 
Loans receivable— — 101 101 
Derivative financial instruments
Trading— 149 — 149 
Not for trading— 10 — 10 
Total derivative financial instruments— 159 — 159 
Total assets measured at fair value on a recurring basis$397 $3,737 $101 $4,235 
Liabilities Measured at Fair Value
Derivative financial instruments
Trading$— $279 $— $279 
Not for trading— 24 6 30 
Total derivative financial instruments— 303 6 309 
Total liabilities measured at fair value on a recurring basis$— $303 $6 $309 
(in millions)Level 1Level 2Level 3Total
December 31, 2025
Assets Measured at Fair Value
Debt securities available for sale
U.S. Treasury$356 $— $— $356 
U.S. government agencies— 35 — 35 
U.S. GSE— 266 — 266 
Residential MBS:
Agency MBS— 800 — 800 
Agency CMO— 601 — 601 
Agency commercial MBS— 1,599 — 1,599 
States of the U.S. and political subdivisions (municipals)— 19 — 19 
Other debt securities— 51 — 51 
Total debt securities available for sale356 3,371 — 3,727 
Loans held for sale— 514 — 514 
Loans receivable— — 85 85 
Derivative financial instruments
Trading— 102 — 102 
Not for trading— 13 7 20 
Total derivative financial instruments— 115 7 122 
Total assets measured at fair value on a recurring basis$356 $4,000 $92 $4,448 
Liabilities Measured at Fair Value
Derivative financial instruments
Trading$— $207 $— $207 
Not for trading— 1 — 1 
Total derivative financial instruments— 208 — 208 
Total liabilities measured at fair value on a recurring basis$— $208 $— $208 
Schedule of Additional Information about Assets Measured at Fair Value on Recurring Basis
The following table presents additional information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value:
TABLE 19.2
(in millions)Loans ReceivableInterest
Rate Lock
Commitments		Total
Nine Months Ended September 30, 2026
Balance at beginning of period$85 $7 $92 
Purchases, issuances, sales and settlements:
Issuances— — — 
Settlements— (7)(7)
Transfers into Level 316 — 16 
Balance at end of period$101 $— $101 
Year Ended December 31, 2025
Balance at beginning of period$53 $1 $54 
Purchases, issuances, sales and settlements:
Issuances— 7 7 
Settlements— (1)(1)
Transfers into Level 332 — 32 
Balance at end of period$85 $7 $92 
Schedule of Additional Information about Assets Measured at Fair Value on Non-Recurring Basis For assets measured at fair value on a non-recurring basis still held at the Balance Sheet date, the following table provides the hierarchy level and the fair value of the related assets or portfolios:
TABLE 19.3
(in millions)Level 1Level 2Level 3Total
September 30, 2026
Collateral dependent loans$— $— $75 $75 
Other assets - MSRs— — 3 3 
Other assets - SBA servicing asset— — 2 2 
December 31, 2025
Collateral dependent loans$— $— $126 $126 
Other assets - MSRs— — 2 2 
Other assets - SBA servicing asset— — 2 2 
Other real estate owned— — 1 1 
Schedule of Fair Values of Financial Instruments
The fair values of our financial instruments are as follows:
TABLE 19.4
Fair Value Measurements
(in millions)Carrying
Amount		Fair
 Value		Level 1Level 2Level 3
September 30, 2026
Financial Assets
Cash and cash equivalents$2,526 $2,526 $2,526 $— $— 
Debt securities available for sale3,747 3,747 397 3,350 — 
Debt securities held to maturity4,404 4,021 1 4,020 — 
Net loans and leases, including loans held for sale36,318 35,627 — 228 35,399 
Loan servicing rights79 118 — — 118 
Derivative assets159 159 — 159 — 
Accrued interest receivable172 172 172 — — 
Financial Liabilities
Deposits39,550 39,492 32,395 7,097 — 
Short-term borrowings3,001 2,996 2,996 — — 
Long-term borrowings1,803 1,780 — 992 788 
Derivative liabilities309 309 — 303 6 
Accrued interest payable55 55 55 — — 
December 31, 2025
Financial Assets
Cash and cash equivalents$2,498 $2,498 $2,498 $— $— 
Debt securities available for sale3,727 3,727 356 3,371 — 
Debt securities held to maturity4,117 3,941 — 3,941 — 
Net loans and leases, including loans held for sale34,853 34,320 — 514 33,806 
Loan servicing rights75 90 — — 90 
Derivative assets122 122 — 115 7 
Accrued interest receivable163 163 163 — — 
Financial Liabilities
Deposits38,759 38,736 31,451 7,285 — 
Short-term borrowings2,017 2,018 2,018 — — 
Long-term borrowings1,901 1,920 — 1,103 817 
Derivative liabilities208 208 — 208 — 
Accrued interest payable50 50 50 — —